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Repligen Reports Second Quarter Fiscal Year 2011 Financial Results
Date:11/2/2010

000 compared to $13,116,000 for the same period in fiscal year 2010.  Net income for the six-month period ended September 30, 2010 was $1,611,000 or $0.05 per diluted share compared to a net loss of $2,086,000 or $0.07 per diluted share for the same period in fiscal year 2010.

Corporate UpdateRG1068 for Imaging of the Pancreas We are currently analyzing the radiographic images from our Phase 3 study of RG1068, synthetic human secretin.  The goal of the study is to evaluate the sensitivity and specificity of RG1068 in combination with MRI to improve the detection of structural abnormalities of the pancreatic ducts relative to MRI alone.  Detailed visual assessment of the pancreatic ducts is important in the evaluation of pancreatic duct abnormalities which may result in the diagnosis of diseases such as acute and chronic pancreatitis.  Because RG1068-MRI elucidates both normal and abnormal anatomy, it may improve patient triage and pre-surgical planning and could aid in avoiding unnecessary procedures such as endoscopy which is associated with serious adverse events.  Data from the Phase 3 study indicates that the use of RG1068-MRI to avoid unnecessary endoscopy would result in saving an average of one day of hospitalization per patient.

The analysis of the Phase 3 image data is a "re-read" which was agreed to by the Food and Drug Administration and European Medicines Agency based on the determination that the original analysis was flawed and therefore inconclusive due to deficiencies in performance by the contract research organization overseeing the analysis.  We have selected a new contract research organization, and they are currently building the database for the new readers to conduct their analysis.  We expect to report top-line results in the first quarter of 2011 which, if positive, may support product registration.  There are more than 300,000 MRIs conducted in the U.S. and Europe each year that coul
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